Here's a quick look at the BTC 4 hr . chart. As we can see, the price has formed a descending triangle, and a break, either way, will happen soon! It is important to note that there exist significant unfilled CME- and Fair value gaps situated below the current price. As a general trend, these gaps are known to be filled eventually. Thus, it would be reasonable...
Here's a quick look at the 8 hr BTC chart. As we can see, the price has been oscillating within the bigger broadening wedge. This kind of price action is tough to predict. The CPI data came in low at 6.0%, which pumped the whole market. With a series of lower lows and higher highs, the bulls and bears are getting rekt simultaneously! If the price stays within...
Volatility was high during the Asian and US session yesterday, which saw a reversal of fortunes for the Japanese yen and the US dollar track Wall Street lower by the close on concerns the US is already in a recession. The yen originally weakened and sent USD/JPY over 250 pips higher as the BOJ did absolutely nothing, catching pre-emptive hawkish bets off guard....
BTCUSDT monthly w/ Ehlers Even Better Sinewave oscillator. BTCUSDT is in a massive selling pressure, big SOW in dump with my intraday 14.6% Fibonacci retracement target in play. My speculated target for a bearmarket 2-month swing is on chart.
Today, we will do a few case studies on how we can make a market entry, this technique can be applied both the long-term or the short-term trades. Today’s content: 1. 25 Nov 21 - Entry signal to short (transiting into today’s bear) 2. 13 Oct 22 - Entry signal to go long (for this bear rebound) 3. Today – Entry signal – Sell If you have been following, today’s is...
Here's a quick look at the 4 hr. BTC chart. As we can see, the price har recently printed a Head & shoulder pattern. The head and shoulder pattern Is a bearish chart pattern which has a high probability of breaking lower! If the price breaks below the neckline, the price will probably end up in the support zone or even lower if the price doesn't hold the support...
BTC looks good for a short position. STOPS AROUND 16800$. $15600 IS MY TARGET.
Hello traders, Last week the price was ranging until we saw a breakout to the downside on Monday. This breakout took out the low of last week as an indication of a break in the market structure. The bears are now in control. However, If you missed this move then we have a second entry today according to the ICT fibs. Good luck💥
The main support and resistance levels of Bitcoin during 2021 mapped out. Our top for 2021 is in at 69K, the question remains what we could expect for 2022. In my opinion we could expect more downside unless we break resistance and close 2 consecutive weeks above the bull market support band (now at 52,5K). Like I said in my last idea, we have been in a mark up...
Here's a quick look at the weekly BTC chart. As we can see, the price is currently in the crucial support zone , and the price has to hold the support zone to avoid a significant downside. If the price doesn't manage to keep the critical support zone , the price will likely end up in the 12.5k - 9.5k price range. I must mention that there is still an open CME gap...
The red indicator shows the level of delinquency for each quarter. The blue index is the SPX. We have an inverse correlation. With the increase in interest rates around the world, the cost of money becomes more expensive. The payment of loans becomes more expensive, so the percentage of defaulters tends to increase. To pay off debts, positions in the equity...
INDEX:BTCUSD 💀💀💀🐻🐻🐻🐻🐻🐻💀💀💀 OK Here it is. . . The BULLISH/BEARISH ZONES. Originally Posted Back in SEPT 2021. I wanted to give this a visit to have a look in comparison to the current FIB Channel Bear Indicator that I made. They are in direct correlation. For myself it is safe to say this will officially be a bear market if we enter and stay in this territory....
UPDATED: On my last chart there was short term pattern for going down, it happened now continuing the bear market for BTC. Next support level 18880 USDT, 1W close below this level could lead us to the next support level which is 17650 USDT. let's see. see the last chart below
Here's a quick look at the BTC daily chart. As we can see, the price broke below the bear flag ( Rising channel ) and if the price doesn't hold above the crucial support zone, then we should expect BTC to go down much further. The technical target of the breakdown is down at 11.5k! For now, I do expect us to revisit 18k at least, but let's wait and see what...
Dow Jones forming a higher low in the market trend indicating weak in the trend. and very correlated and similar in the S&P 500 and how I compare the behavior in the past. Because we see that: Dow Jones could to forming a similar pattern like what we lived on 2008 in this Bubble financial in the stock market. What it's very important to study it how we compare...
This is a quick description for using the Bitcoins Active Addresses from glass node. This chart is typically not something that makes much sense as it jumps back and forth with a-lot of volatility. However, apply a 14 Day SMA and you can get idea of the average of all the noise. I will explain briefly what the noise could mean. The number of unique addresses...
Weekly failed to break and close above the 200EMA this time though although 9 consecutive weeks had been under 200 period weekly EMA so far. Thus on the higher timeframe bears dominate suppressing the price below 25k for prolong.
Matic had a serious push and now formed and broke on the downside a symmetric triangle and retested successfully the apex of the triangle. That is a bearish confirmation so we are expecting more downside from here . Let's see what happens. Do your own research - have fun with the markets! Cheers !